JOIN SAVE ON STUDENT DEBT AS WE KICK OFF A “SAVE EARLY FORGIVENESS” WEEK OF ACTION FROM JANUARY 29 TO FEBRUARY 2.

In January 2024, the Department announced that it would implement one of the most exciting parts of the SAVE plan early. Starting in February, borrowers enrolled in SAVE who took out less than $12,000 in loans could get their remaining balance forgiven in just 10 years, rather than 20 or 25 under previous repayment plans. Some borrowers who took out less than $26,000 may also be able to get forgiveness earlier. 

For eligible borrowers already enrolled in SAVE, they will see their forgiveness approved in February, while those not already in SAVE should enroll as soon as possible to see debt forgiveness in the next few months. 

Through the SAVE on Student Debt campaign, we are asking everyone — community organizations, colleges and universities, government agencies, community leaders, and more — to spread the word about affordable repayment options and the SAVE Plan. Everyone can play their part to support this work!